Service provider
Mobile technology
Payment
Mobile payment
Technology acceptance model
Best insight from top research papers
Mobile payment systems have numerous advantages, such as providing convenience, improving customer satisfaction, and increasing efficiency at checkout . They have created opportunities for businesses and consumers to easily transact business, aided consumers in their daily activities, and opened up the market for non-banking actors . Mobile payment applications have the potential to transform the business environment and have a strong impact on business operations . However, there are also challenges and disadvantages associated with mobile payments. One such challenge is the risk and cost perceived by users, which negatively affects their intention to use mobile payments . Additionally, mobile payment systems can facilitate impulse buying, leading to unplanned and spontaneous purchases . Overall, while mobile payments offer many benefits, it is important to address the challenges and disadvantages to enhance their adoption and usage .
Related Questions
What are the benefits of adopting and utilizing mobile wallets in MSMEs or in business generally?5 answersAdopting and utilizing mobile wallets in MSMEs and businesses offer numerous benefits. Firstly, the introduction of mobile wallet payment technology leads to increased business growth, with small merchants experiencing a significant rise in sales compared to large merchants. Secondly, the adoption of mobile payment systems enhances financial inclusion and human development in emerging countries, positively impacting decision-making among low-income individuals. Additionally, the use of mobile wallets promotes the adoption of sophisticated financial services like credit, savings, and insurance, thereby advancing financial technology adoption in businesses. Moreover, the convenience and flexibility provided by smartphones in business transactions facilitate daily shopping activities, ultimately promoting business activities in competitive environments.What are the challenges and impacts of mobile money adoption?5 answersMobile money adoption faces several challenges and has various impacts. The challenges include perceived risk, perceived privacy, cost, customer satisfaction, convenience risk, financial risk, security risk, performance risk, time risk, and psychological risk. These challenges hinder the diffusion of mobile banking and affect users' behavior and attitudes towards mobile money transactions. However, mobile money adoption has positive impacts on maternal care utilization, particularly in accessing antenatal care. It is found that mobile money adoption motivates rural women to seek antenatal care, especially in geographically challenged areas where traveling to distant health facilities is costly. Although the impact on facility delivery or delivery with skilled birth attendants is not significant, promoting financial inclusion through mobile money can still contribute to reducing maternal and newborn mortality.What are the advantages of mobile gaming?5 answersMobile gaming offers several advantages. It provides a unique learning opportunity that is accessible anywhere and anytime, thanks to the ubiquity of mobile devices. Mobile games allow for just-in-time and just-in-place learning, enabling learners to engage with educational content in real-world contexts. They also offer higher degrees of freedom for interaction with the game and other players, as they are not limited by location, time, or space. Additionally, mobile technology can seamlessly blend the real world with the virtual game world, creating immersive experiences. This integration of the virtual and physical worlds has led to the development of pervasive augmented reality games, which enhance the real world with virtual objects. Overall, the advantages of mobile gaming include accessibility, flexibility, interactivity, and the ability to create immersive and engaging learning experiences.What are the challenges and benefits of using mobile money for the payment of health workers?5 answersMobile money offers several benefits for the payment of health workers. It provides a digital payment system that ensures timely and in-full payment to frontline polio health campaign workers, improving the effectiveness of vaccination campaigns. In developing countries, where banking enrollment is low, mobile banking services allow individuals to pay health expenses via mobile money, providing the first healthcare coverage to Africans and addressing the lack of a welfare state. Mobile technology tools, such as smartphones and tablets, substantially benefit healthcare workers, their patients, and healthcare delivery in low-resource settings, leading to improved health outcomes.However, there are also challenges associated with using mobile money for health worker payments. These challenges include program reach variations across countries, unreliable internet and electricity, security issues, and the need for strong governance to reconcile the different interests of stakeholders. Additionally, the construction of sustainable and profitable mobile markets in competitive and unstable African contexts is crucial for the success of mobile-based health insurance programs.Overall, while mobile money offers significant benefits for health worker payments, addressing the challenges related to program implementation, infrastructure, and governance is essential for its successful adoption and utilization in healthcare settings.What are the pros and cons of mobile?5 answersMobile devices have revolutionized the way people interact with their world, providing increased productivity and connectivity. They offer powerful computing capabilities in a compact form factor, allowing users to access a wide range of applications and services. However, mobile devices also present challenges in terms of security and information protection. The lack of effective security controls and the evolving threat landscape make it crucial for developers to understand and address these issues. On the positive side, mobile healthcare has emerged as an important extension of electronic healthcare, enabling caregivers to have constant access to patients' clinical data and allowing patients with chronic conditions to be monitored remotely. Mobile phones have played a vital role in communication, keeping people connected during various events. Mobile devices are highly personal, often belonging to an individual, which can make them susceptible to criminal activity. The design of mobile interfaces poses challenges due to small displays, limited input techniques, and intermittent network access, but also offers opportunities for personalized healthcare and improved user experiences.What are the implications of mobile payments for the future of financial inclusion?5 answersMobile payments, such as mobile money, have the potential to contribute to financial inclusion globally. However, the implications vary across different regions. In Sub-Saharan Africa, mobile money complements formal banking services and can help expand financial inclusion. In developing countries like Burkina Faso, the use of mobile money may increase the probability of participants in informal mechanisms to make deposits in a bank account, especially for disadvantaged groups like women, individuals with irregular income, and those with less education. The adoption of mobile money can act as a stepping-stone towards financial inclusion, particularly in areas with low access to formal financial services. The development of digital infrastructures, like the "India Stack," has already led to a rapid increase in digital payments and the entry of various competitors, contributing to financial inclusion in India. However, financial inclusion is not a panacea and should be accompanied by efforts to build financial literacy and other intellectual competencies.
